Published on : Jul 05, 2018
Albany, New York, July 5, 2018: Breakfast cereal is easily one of the most popular breakfast choices across the world. Despite regional differences in nutritional fortification globally, breakfast cereal is an effective way to offer vitamins and minerals to the diet. A recent study, titled “Global Breakfast Cereals Market (2018 Edition): Forecast to 2023” has been broadcasted to the wide database of Market Research Hub (MRH), which offers extensive analysis and evaluations linked to the current and future market status prospects, along with a prime focus on major regions. Moreover, the report provides qualitative and quantitative analysis of the market, in which market dynamics, trends, product overview, and country-level market information are covered.
In the present time, growing fame of on-the-go breakfasts, together with flowing demand for organic cereals and rising health awareness among consumers, is one of the key trends accelerating market growth. According to the study evaluations, the global breakfast cereals market is projected to display a robust growth represented by a CAGR of 3.01% during 2018-2023. To pour more light on the above findings, the research has analyzed the potential of global breakfast cereals market and provides statistics and information on market size, shares and growth factors. This smart report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation.
The insightful report has been segmented into various categories which are type, sales channel, ingredient and region for in-depth analysis. In terms of geography, the breakfast cereals market has been segmented into five regions: North America, Asia Pacific, Latin America, Europe, and the Middle East and Africa. For each regional segment, the market size for future years has been analyzed which is based on revenue and market development between 2018 and 2023.
At present, the research study finds that the increasing number of convenience stores, emergent growth of the breakfast cereals in Asia-Pacific region, rising brand visibility across various countries, increasing influence of the western food culture coupled with increasing working population are the key factors backing the breakfast cereals market. On the basis of type, the research includes RTE and Hot, whereas ingredients covered in the study are rice, wheat, corn, and others. Sales channels are offline and online. Presently, hot cereals are expected to register the fastest growth during the forecast period.
At last, the report also provides full profiles of various companies currently running in this particular market. They are Glaxo Smith Kline, Post Consumer Brands, Kellogg Company, General Mills, PepsiCo, and Mornflake.
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